PRICE_EMA {S4SUSHO}Spot momentum transitions before the crowd — clarity meets precision with PRICE_EMA {S4SUSHO}.
This indicator helps you instantly identify higher-timeframe momentum shifts.
It highlights when the 20 EMA crosses the 200 EMA on weekly and monthly charts with distinct background colors and blended overlays when both align.
The script also plots tiny arrows where price crosses above or below the weekly 200 EMA, signaling potential long-term breakouts or breakdowns.
Clean, minimal, and designed for swing and positional traders who want fast visual confirmation of trend direction across multiple timeframes — without clutter.
Médias Móveis
Traders Club RSI, EMA Strategy 🔻 Arun Gold 3H Power Indicator 🔻
Precision-Based Smart Sell System for Gold (XAU/USD)
💡 Overview
This indicator is specifically designed for Gold (XAU/USD) and delivers best results on the 3-Hour Timeframe (3H TF).
It is a Smart Money Logic-based Sell Confirmation System, combining institutional structure and candle behavior to generate highly accurate bearish signals.
⚙️ Technical Foundation
The indicator uses multiple advanced confirmations:
📉 EMA Trend Filter → Confirms downtrend
💪 RSI Overbought Rejection → Momentum reversal signal
📊 MACD Bearish Cross → Confirms trend strength
🕯️ Bearish Candle Structure → Price action validation
When all conditions align, a clear 🔻 Sell Signal is plotted on the chart.
💎 Hidden Feature
This indicator includes a hidden feature that activates only when the correct market structure forms.
It helps reduce false signals and increases accuracy without being visible on the chart — fully automated internal logic.
📆 Recommended Settings
Symbol: XAU/USD (Gold)
Timeframe: 3-Hour (3H)
Market: Forex / Commodity
Mode: Sell-Only Confirmation Indicator
Performance: Best precision and consistency on 3H TF
📈 How to Use
Select XAU/USD on chart and set 3H timeframe.
Add the indicator to the chart.
Wait for the 🔻 Sell Signal and confirm the market structure after candle close.
Take entry according to your risk management.
⚠️ Disclaimer
This indicator is for educational and analytical purposes only.
No system is 100% accurate — always backtest and demo trade before using in real trading.
💬 Credits
Developed by Ajay Sahu (India)
Based on Institutional & Smart Money Logic
Best results on 3H TF
Hidden Algorithm for XAU/USD traders
Arun R5.41🔻 Arun Gold 3H Power Indicator 🔻
Precision-Based Smart Sell System for Gold (XAU/USD)
💡 Overview
This indicator is specifically designed for Gold (XAU/USD) and delivers best results on the 3-Hour Timeframe (3H TF).
It is a Smart Money Logic-based Sell Confirmation System, combining institutional structure and candle behavior to generate highly accurate bearish signals.
⚙️ Technical Foundation
The indicator uses multiple advanced confirmations:
📉 EMA Trend Filter → Confirms downtrend
💪 RSI Overbought Rejection → Momentum reversal signal
📊 MACD Bearish Cross → Confirms trend strength
🕯️ Bearish Candle Structure → Price action validation
When all conditions align, a clear 🔻 Sell Signal is plotted on the chart.
💎 Hidden Feature
This indicator includes a hidden feature that activates only when the correct market structure forms.
It helps reduce false signals and increases accuracy without being visible on the chart — fully automated internal logic.
📆 Recommended Settings
Symbol: XAU/USD (Gold)
Timeframe: 3-Hour (3H)
Market: Forex / Commodity
Mode: Sell-Only Confirmation Indicator
Performance: Best precision and consistency on 3H TF
📈 How to Use
Select XAU/USD on chart and set 3H timeframe.
Add the indicator to the chart.
Wait for the 🔻 Sell Signal and confirm the market structure after candle close.
Take entry according to your risk management.
⚠️ Disclaimer
This indicator is for educational and analytical purposes only.
No system is 100% accurate — always backtest and demo trade before using in real trading.
💬 Credits
Developed by Ajay Sahu (India)
Based on Institutional & Smart Money Logic
Best results on 3H TF
Hidden Algorithm for XAU/USD traders
Large Scale Activity Detector 🧠 What It Is:
An institutional footprint detector — it finds bars with unusually high volume and range relative to recent averages (using z-scores).
⚙️ How It Works:
Computes z-scores of volume and range relative to a moving 20-bar average and standard deviation.
Triggers when both z-scores > 2 (2σ = statistically significant spike).
Confirms trend bias with EMA(50):
If close > EMA → only detect bullish spikes.
If close < EMA → only detect bearish spikes.
Float sensitivity parameter lets you adjust for low-float vs. high-float stocks.
📈 How to Use It:
When yellow (large buy) bar prints → institutional buying surge.
When navy (large sell) bar prints → institutional selling surge.
If it aligns with Supertrend + Squeeze direction = strong follow-through probability.
Avoid taking trades against LSAD; it often reveals liquidity pushes or exhaustion points
MNQ TopStep 50K | Ultra Quality v3.0MNQ TopStep 50K | Ultra Quality v3.0 - Publish Summary📊 OverviewA professional-grade trading indicator designed specifically for MNQ futures traders using TopStep funded accounts. Combines 7 technical confirmations with 5 advanced safety filters to deliver high-quality trade signals while managing drawdown risk.🎯 Key FeaturesCore Signal System
7-Point Confirmation: VWAP, EMA crossovers, 15-min HTF trend, MACD, RSI, ADX, and Volume
Signal Grading: Each signal is rated A+ through D based on 7 quality factors
Quality Threshold: Adjustable minimum grade requirement (A+, A, B, C, D)
Advanced Safety Filters (Customizable)
Mean Reversion Filter - Prevents chasing extended moves beyond VWAP bands
ATR Spike Filter - Avoids trading during extreme volatility events
EMA Spacing Filter - Ensures proper trend separation (optional)
Momentum Filter - Requires consecutive directional bars (optional)
Multi-Timeframe Confirmation - Aligns with 15-min trend (optional)
TopStep Risk Management
Real-time drawdown tracking
Position sizing calculator based on remaining cushion
Daily loss limit monitoring
Consecutive loss protection
Max trades per day limiter
Visual Components
VWAP with 1σ, 2σ, 3σ bands
EMA 9/21 with cloud fill
15-min EMA 50 for HTF trend
Comprehensive metrics dashboard
Risk management panel
Filter status panel
Detailed trade labels with entry, stops, and targets
⚙️ Default Settings (Balanced for Regular Signals)Technical Indicators
Fast EMA: 9 | Slow EMA: 21 | HTF EMA: 50 (15-min)
MACD: 10/22/9
RSI: 14 period | Thresholds: 52 (buy) / 48 (sell)
ADX: 14 period | Minimum: 20
ATR: 14 period | Stop: 2x | TP1: 2x | TP2: 3x
Volume: 1.2x average required
Session Settings
Default: 9:30 AM - 11:30 AM ET (adjustable)
Avoids first 15 minutes after market open
Customizable trading hours
Safety Filters (Default Configuration)
✅ Mean Reversion: Enabled (2.5σ max from VWAP)
✅ ATR Spike: Enabled (2.0x threshold)
❌ EMA Spacing: Disabled (can enable for quality)
❌ Momentum: Disabled (can enable for quality)
❌ MTF Confirmation: Disabled (can enable for quality)
Risk Controls
Minimum Signal Quality: C (adjustable to A+ for fewer/better signals)
Min Bars Between Signals: 10
Max Trades Per Day: 5
Stop After Consecutive Losses: 2
📈 Expected PerformanceWith Default Settings:
Signals per week: 10-15 trades
Estimated win rate: 55-60%
Risk-Reward: 1:2 (TP1) and 1:3 (TP2)
With Aggressive Settings (Min Quality = D, All Filters Off):
Signals per week: 20-25 trades
Estimated win rate: 50-55%
With Conservative Settings (Min Quality = A, All Filters On):
Signals per week: 3-5 trades
Estimated win rate: 65-70%
🚀 How to UseBasic Setup:
Add indicator to MNQ 5-minute chart
Adjust TopStep account settings in inputs
Set your risk per trade percentage (default: 0.5%)
Configure trading session hours
Set minimum signal quality (Start with C for balanced results)
Signal Interpretation:
Green Triangle (BUY): Long signal - all confirmations aligned
Red Triangle (SELL): Short signal - all confirmations aligned
Label Details: Shows entry, stop loss, take profit levels, position size, and signal grade
Signal Grade: A+ = Elite (6-7 points) | A = Strong (5) | B = Good (4) | C = Fair (3)
Dashboard Monitoring:
Top Right: Technical metrics and market conditions
Top Left: Filter status (which filters are passing/blocking)
Bottom Right: TopStep risk metrics and position sizing
⚡ Customization TipsFor More Signals:
Lower "Minimum Signal Quality" to D
Decrease ADX threshold to 18-20
Lower RSI thresholds to 50/50
Reduce Volume multiplier to 1.1x
Disable additional filters
For Higher Quality (Fewer Signals):
Raise "Minimum Signal Quality" to A or A+
Increase ADX threshold to 25-30
Enable all 5 advanced filters
Tighten VWAP distance to 2.0σ
Increase momentum requirement to 3-4 bars
For TopStep Compliance:
Adjust "Max Total Drawdown" and "Daily Loss Limit" to match your account
Update "Already Used Drawdown" daily
Monitor the Risk Panel for cushion remaining
Use recommended contract sizing
🛡️ Risk DisclaimerIMPORTANT: This indicator is for educational and informational purposes only.
Past performance does not guarantee future results
All trading involves substantial risk of loss
Use proper risk management and position sizing
Test thoroughly in paper trading before live use
The indicator does not guarantee profitable trades
Adjust settings based on your risk tolerance and trading style
Always comply with your broker's and TopStep's rules
Quanta - Free Beginner Strategysimple strategy for indian indices. it uses moving averages only to identify trend biase and generated signal based on that.
Santhosh VWAP + 3 EMA + Buy Sell AlertI have combined VWAP and EMA , along with this generated buy and sell alert based on ATR . Best for Scalping
T3 [DCAUT]█ T3
📊 INDICATOR OVERVIEW
The T3 Moving Average is a smoothing indicator developed by Tim Tillson and published in Technical Analysis of Stocks & Commodities magazine (January 1998). The algorithm applies Generalized DEMA (Double Exponential Moving Average) recursively three times, creating a six-pole filtering effect that aims to balance noise reduction with responsiveness while minimizing lag relative to price changes.
📐 MATHEMATICAL FOUNDATION
Generalized DEMA (GD) Function:
The core building block is the Generalized DEMA function, which combines two exponential moving averages with weights controlled by the volume factor:
GD(input, v) = EMA(input) × (1 + v) - EMA(EMA(input)) × v
Where v is the volume factor parameter (default 0.7). This weighted combination reduces lag while maintaining smoothness by extrapolating beyond the first EMA using the double-smoothed EMA as a reference.
T3 Calculation Process:
T3 applies the GD function three times recursively:
T3 = GD(GD(GD(Price, v), v), v)
This triple nesting creates a six-pole smoothing effect (each GD applies two EMA operations, resulting in 2 × 3 = 6 total EMA calculations). The cascading refinement progressively filters noise while preserving trend information.
Step-by-Step Breakdown:
First GD application: GD1 = EMA(Price) × (1 + v) - EMA(EMA(Price)) × v - Creates initial smoothed series with lag reduction
Second GD application: GD2 = EMA(GD1) × (1 + v) - EMA(EMA(GD1)) × v - Further refines the smoothing while maintaining responsiveness
Third GD application: T3 = EMA(GD2) × (1 + v) - EMA(EMA(GD2)) × v - Final refinement produces the T3 output
Volume Factor Impact:
The volume factor (v) is the key parameter controlling the balance between smoothness and responsiveness. Tim Tillson recommended v = 0.7 as the optimal default value.
Lower volume factors (v closer to 0.0): Increase the extrapolation effect, making T3 more responsive to price changes but potentially more sensitive to noise.
Higher volume factors (v closer to 1.0): Reduce the extrapolation effect, producing smoother output with less sensitivity to short-term fluctuations but slightly more lag.
The recursive application of the volume factor through three GD stages creates a nonlinear filtering effect that achieves superior lag reduction compared to traditional moving averages of equivalent smoothness.
📊 SIGNAL INTERPRETATION
Trend Direction Signals:
Green Line (T3 Rising): Smoothed trend line is rising, may indicate uptrend, consider bullish opportunities when confirmed by other factors
Red Line (T3 Falling): Smoothed trend line is falling, may indicate downtrend, consider bearish opportunities when confirmed by other factors
Gray Line (T3 Flat): Smoothed trend line is flat, indicates unclear trend or consolidation phase
Price Crossover Signals:
Price Crosses Above T3: Price breaks above smoothed trend line, may be bullish signal, requires confirmation from other indicators
Price Crosses Below T3: Price breaks below smoothed trend line, may be bearish signal, requires confirmation from other indicators
Price Position Relative to T3: Price sustained above T3 may indicate uptrend, sustained below may indicate downtrend
Supporting Analysis Signals:
T3 Slope Angle: Steeper slopes indicate stronger trend momentum, flatter slopes suggest weakening trends
Price Deviation: Significant price separation from T3 may indicate overextension, watch for pullback or reversal
Dynamic Support/Resistance: T3 line can serve as dynamic support (in uptrends) or resistance (in downtrends) reference
🎯 STRATEGIC APPLICATIONS
Common Usage Patterns:
The T3 Moving Average can be incorporated into trading analysis in various ways. These represent common approaches used by market participants, though effectiveness varies by market conditions and requires individual testing:
Trend Filtering:
T3 can be used as a trend filter by observing the relationship between price and the T3 line. The color-coded slope (green for rising, red for falling, gray for sideways) provides visual feedback about the current trend direction of the smoothed series.
Price Crossover Analysis:
Some traders monitor crossovers between price and the T3 line as potential indication points. When price crosses the T3 line, it may suggest a change in the relationship between current price action and the smoothed trend.
Multi-Timeframe Observation:
T3 can be applied to multiple timeframes simultaneously. Observing alignment or divergence between different timeframe T3 indicators may provide context about trend consistency across time scales.
Dynamic Reference Level:
The T3 line can serve as a dynamic reference level for price action analysis. Price distance from T3, price reactions when approaching T3, and the behavior of price relative to the T3 line can all be incorporated into market analysis frameworks.
Application Considerations:
Any trading application should be thoroughly tested on historical data before implementation
T3 performance characteristics vary across different market conditions and asset types
The indicator provides smoothed trend information but does not predict future price movements
Combining T3 with other analytical tools and market context improves analysis quality
Risk management practices remain essential regardless of the analytical approach used
📋 DETAILED PARAMETER CONFIGURATION
Source Selection:
Close Price (Default): Standard choice for end-of-period trend analysis, reduces intrabar noise
HL2 (High+Low)/2: Provides balanced view of price action, considers full bar range
HLC3 or OHLC4: Incorporates more price information, may provide smoother results
Selection Impact: Different sources affect signal timing and smoothness characteristics
Length Configuration:
Shorter periods: More responsive, faster reaction, frequent signals, but higher false signal risk in choppy markets
Longer periods: Smoother output, fewer signals, better for long-term trends, but slower response
Default 14 periods is a common baseline, but optimal length varies by asset, timeframe, and market conditions
Parameter selection should be determined through backtesting rather than general recommendations
Volume Factor Configuration:
Lower values (closer to 0.0): Increase responsiveness but also noise sensitivity
Higher values (closer to 1.0): Increase smoothness but slightly more lag
Default 0.7 (Tim Tillson's recommendation) provides good balance for most applications
Optimal value depends on signal frequency versus reliability preference, test for specific use case
Parameter Optimization Approach:
There are no universal "best" parameter values - optimal settings depend on the specific asset, timeframe, market regime, and trading strategy
Start with default values (Length: 14, Volume Factor: 0.7) and adjust based on observed performance in your target market
Conduct systematic backtesting across different market conditions to evaluate parameter sensitivity
Consider that parameters optimized for historical data may not perform identically in future market conditions
Monitor performance and be prepared to adjust parameters as market characteristics evolve
📈 DESIGN FEATURES & MARKET ADAPTATION
Algorithm Design Features:
Simple Moving Average (SMA): Equal weighting across lookback period
Exponential Moving Average (EMA): Exponentially decreasing weights on historical prices
T3 Moving Average: Recursive Generalized DEMA with adjustable volume factor
Market Condition Adaptation:
Trending markets: Smoothed indicators generally align more closely with sustained directional movement
Ranging markets: All moving averages may generate more crossover signals during non-trending periods
Volatile conditions: Higher smoothing parameters reduce short-term sensitivity but increase lag
Indicator behavior relative to market conditions should be evaluated for specific applications
USAGE NOTES
This indicator is designed for technical analysis and educational purposes. The T3 Moving Average has limitations and should not be used as the sole basis for trading decisions. Like all trend-following indicators, its performance varies with market conditions, and past signal characteristics do not guarantee future results.
Key Points:
T3 is a lagging indicator that responds to price changes rather than predicting future movements
Signals should be confirmed with other technical tools and market context
Parameters should be optimized for specific market and timeframe
Risk management and position sizing are essential
Market regime changes can affect indicator effectiveness
Test strategies thoroughly on historical data before live implementation
Consider broader market context and fundamental factors
MNQ Morning Indicator | Clean SignalsMNQ Morning Trading Indicator Summary
What It Does
This is a TradingView indicator designed for day trading MNQ (Micro Nasdaq-100 futures) during morning sessions. It generates BUY and SELL signals only when multiple technical conditions align, helping traders identify high-probability trade setups.
Core Strategy
BUY Signal Requirements (All must be true):
✅ Price above VWAP (volume-weighted average price)
✅ Fast EMA (9) above Slow EMA (21) - uptrend confirmation
✅ Price above 15-minute 50 EMA - higher timeframe confirmation
✅ MACD histogram positive - momentum confirmation
✅ RSI above 55 - strength confirmation
✅ ADX above 25 - trending market (not choppy)
✅ Volume 1.5x above average - strong participation
SELL Signal (opposite conditions)
Key Features
🎯 Risk Management
Stop Loss: 2× ATR (Average True Range)
Take Profit 1: 2× ATR (1:2 risk-reward)
Take Profit 2: 3× ATR (1:3 risk-reward)
Dollar values: Calculates P&L based on MNQ's $2/point value
⏰ Session Filter
Default: 9:30 AM - 11:30 AM ET (customizable)
Safety feature: Avoids first 15 minutes (high volatility period)
Won't generate signals outside trading hours
🛡️ Signal Quality
Rates each signal: 🔥 STRONG, ⚡ MEDIUM, or ⚠️ WEAK
Requires minimum 15 bars between signals (prevents overtrading)
📊 Visual Dashboard
Shows real-time metrics:
ATR values
ADX (trend strength)
RSI (momentum)
Market condition (TREND/CHOP)
Session status
Volume status
Signal cooldown timer
Visual Elements
📈 VWAP with standard deviation bands (1σ, 2σ, 3σ)
📉 Multiple EMAs with trend-based coloring
🟢/🔴 Buy/Sell arrows on chart
📋 Detailed trade labels showing entry, SL, TPs, and risk-reward ratios
🎨 Background highlighting for market conditions
Safety Features
Cooldown period between signals
Session restrictions (no trading outside set hours)
First 15-minute avoidance (post-open volatility)
Multi-confirmation requirement (all 7 conditions must align)
Trend filter (ADX minimum to avoid choppy markets)
Best For
Day traders focused on morning sessions
MNQ futures traders
Traders who prefer systematic, rule-based entries
Those wanting pre-calculated risk management levels
Customization
All parameters are adjustable:
EMA periods
MACD settings
RSI thresholds
ADX minimum
ATR multipliers
Session times
Visual preferences
This indicator is designed to be conservative — it waits for strong confirmation before signaling, which means fewer but potentially higher-quality trades.
EMA Candle ColorEMA Candle Color - Visual EMA-Based Candle Coloring System
Overview:
This indicator provides a visual approach to trend identification by coloring candles based on their relationship with an Exponential Moving Average (EMA). The script dynamically colors both the candle bars and plots custom candles to give traders an immediate visual representation of price momentum relative to the EMA.
How It Works:
The indicator calculates an EMA based on your chosen source (default: open price) and length (default: 10 periods). It then applies a simple yet effective rule:
When the source price is ABOVE the EMA → Candles turn GREEN (bullish)
When the source price is BELOW the EMA → Candles turn RED (bearish)
This instant visual feedback helps traders quickly identify:
Current trend direction
Potential support/resistance levels (the EMA line itself)
Momentum shifts when candles change color
Key Features:
Customizable EMA Parameters: Adjust the EMA length (1-500) and source (open, close, high, low, hl2, hlc3, ohlc4)
Custom Color Selection: Choose your preferred bullish and bearish colors to match your chart theme
Dual Visualization: Both bar coloring and custom plotcandle for enhanced visibility
Offset Capability: Shift the EMA line forward or backward for advanced analysis
Clean Design: Minimal overlay that doesn't clutter your chart
How to Use:
1. Add the indicator to your chart
2. Adjust the EMA Length based on your trading timeframe:
- Shorter periods (5-20) for day trading and scalping
- Medium periods (20-50) for swing trading
- Longer periods (50-200) for position trading
3. Watch for candle color changes as potential entry/exit signals
4. Combine with other indicators for confirmation
Trading Applications:
Trend Following: Stay in trades while candles remain the same color
Reversal Signals: Watch for color changes as early reversal warnings
Filter System: Only take long positions during green candles, shorts during red
Visual Clarity: Quickly assess market sentiment at a glance
Settings:
Length: EMA calculation period (default: 10)
Source: Price data used for EMA calculation (default: open)
Offset: Shift EMA line on chart (default: 0)
Bullish Color: Color for candles above EMA (default: green)
Bearish Color: Color for candles below EMA (default: red)
Technical Details:
The script uses Pine Script v6 and employs the standard ta.ema() function for smooth, responsive EMA calculations. The candle coloring is achieved through both barcolor() and plotcandle() functions, ensuring visibility across different chart settings.
Note:
This indicator works on all timeframes and instruments. For best results, combine with proper risk management and additional confirmation indicators. The EMA Candle Color system is designed to simplify trend identification, not as a standalone trading system.
Tips:
Use on higher timeframes for more reliable signals
Combine with volume analysis for confirmation
Consider using multiple EMA periods for confluence
Disable default candles if using the plotcandle feature to avoid overlap
This script is open-source. Feel free to use it as a foundation for your own trading system or modify it to suit your specific trading style.
Daily Moving Average Levels on IntradayThis script draws the daily simple moving average levels on the intraday chart. By default it shows 20, 50 and 200 SMA. You can choose the MA you want.
Parabolic Short Criteria Parabolic Short Criteria
This indicator identifies overextended stocks that may be prime candidates for parabolic short setups, based on criteria by Bracco (@Braczyy on twitter/X) in his writeup "The Parabolic Short" (unchartedterritoryy.substack.com). One of the best in the game at Parabolic Short setups.
What It Measures:
The indicator calculates and displays metrics that quantify how overextended a stock is relative to key moving averages and its recent price action:
Distance Metrics:
ATR Extension above 50 SMA: Measures how many ATRs (Average True Range) the current price is above the 50-day Simple Moving Average. Higher values indicate extreme extension.
% Above 9/20/50/200 Moving Averages: Shows the percentage distance between current price and each key moving average level.
Momentum Metrics:
Consecutive Green Days: Counts how many days in a row the stock has closed higher
Consecutive Gap Ups: Tracks sequential gap-up openings (today's low > yesterday's high)
Range Expansion: Analyzes how many of the last 4 days showed larger percentage moves than the prior day
Volume Expansion: Counts consecutive days of increasing volume
Color Coding System:
Each metric uses a 4-tier color system for quick visual assessment:
Dark Green: Extremely overextended (highest alert level)
Light Green: Significantly overextended
Yellow: Moderately overextended
Red: Not overextended
Use Case:
This indicator is designed for traders looking to identify parabolic moves that have reached unsustainable levels. When multiple metrics show dark green or green, the stock may be due for a pullback or reversal. Not all criteria are often met at once, but the more the better.
Bull Market Support Band (20W SMA + 21W EMA)🟩 Bull Market Support Band (20W SMA + 21W EMA)
OVERVIEW
The Bull Market Support Band is a long-term trend indicator that combines the 20-week SMA and 21-week EMA.
When price is above the band → bullish trend.
When below → bearish trend.
When within → neutral or transition phase.
This v6 version adds full customization, dynamic coloring, event labels, candle coloring, and a configurable on-chart legend table with trend arrows.
HOW IT WORKS
Calculates the 20W SMA and 21W EMA from a user-selectable higher timeframe (weekly by default).
Plots both averages and shades the area between them to form the support band.
The fill and line colors change automatically based on the market phase:
🟩 Green = Bullish (price above)
🟥 Red = Bearish (price below)
⬜ Gray = Neutral (price within).
Labels appear only when the trend state changes.
Alerts trigger when price crosses the band or either moving average.
Optional candle coloring applies the same bull/bear/neutral logic to price bars.
A convenience legend table displays current 20W SMA and 21W EMA values, along with slope arrows (^, v, =).
INCLUDED FEATURES
Configurable calculation timeframe.
Automatic band fill and line coloring.
Optional candle coloring overlay.
Compact or detailed regime-change labels.
ATR-based label offset and spacing control.
Customizable legend table with background color.
Horizontal or vertical legend layout.
Custom arrow characters (ASCII or Unicode).
Built-in alerts for band and MA crosses.
Optimized for higher-timeframe accuracy using request.security().
USAGE TIPS
Keep the default weekly setting for macro trend context.
On lower chart timeframes, use the band as higher-level support/resistance.
Combine with momentum or volume indicators (RSI, MACD, OBV) for confirmation.
Adjust ATR multiplier to move labels further from price candles.
Increase “Min bars between labels” to reduce visual clutter.
Disable auto-coloring if you prefer a static color theme.
Toggle compact legend or switch between horizontal/vertical layouts for best fit.
INTERPRETATION GUIDE
🟩 Bullish: Price above the band → trend continuation likely.
⬜ Neutral: Price within the band → consolidation or potential reversal zone.
🟥 Bearish: Price below the band → downtrend continuation or distribution.
Sustained closes above or below the band typically align with major market cycle shifts.
NOTES
Uses request.security() for higher-timeframe precision — accurate even on smaller charts.
The legend table is screen-anchored and remains fixed as you pan or zoom.
Plots and labels are price-anchored and move with candles.
Lightweight and efficient for all markets and intervals.
CREDITS
Original concept: The Bull Market Support Band (popularized in crypto analysis).
Enhanced Pine Script v6 version: Ricco .
Modernized for clarity, flexibility, and multi-timeframe accuracy.
SUMMARY
A modern, customizable Bull Market Support Band indicator highlighting long-term market regimes with clean visuals, color logic, and convenience features.
Designed for traders seeking macro clarity, minimal clutter, and professional presentation.
Anthony's trading strategyWait for signal to print and a continuation candle to enter trade. If no continuation candle, disregard signal.
EMA 9, 21 & 50 Indicator with Floating Labels🟢 EMA 9, 21 & 50 Indicator with Floating Labels
📘 Overview
This indicator plots three exponential moving averages (EMAs) to visualize short-, medium-, and longer-term trend structure on any timeframe:
EMA 9 – Bright Green (short-term momentum)
EMA 21 – Bright Yellow (medium-term trend)
EMA 50 – Red (broader trend confirmation)
Each EMA has a floating label on the right edge of the chart, so line identities remain visible as new candles form.
🪶 Features
Clear, fixed colors for easy recognition (Green 9 / Yellow 21 / Red 50)
Floating labels that stay visible off the right edge
Clean overlay compatible with any chart style
Lightweight and fast to render
📈 How to Use
Trend Filter:
Price above 21 & 50 → bullish bias; look for long setups or pullbacks toward the 9/21.
Price below 21 & 50 → bearish bias; look for short setups or rallies into 9/21.
Momentum vs. Structure:
9 EMA = momentum guide for quick swings.
21 EMA = primary trend line for swing entries/exits.
50 EMA = confirmation of broader direction.
🔧 Tips
Analyze trend on Daily or 4H; fine-tune entries on 1H/15m near the 9 or 21 EMA.
Pair with volume or RSI/MACD for extra confirmation at EMA touches/crosses.
BMSB Watchlist Alert - Daily w/ 1% Proximity# Bull Market Support Band - Daily Updates with Proximity Alerts
## Overview
This indicator tracks the Bull Market Support Band (20-week SMA and 21-week EMA) with daily resolution updates and proximity warnings. The weekly moving averages update every day on your chart, giving you more frequent signals than traditional weekly-only scripts.
## What It Does
The script monitors price action relative to the BMSB and generates alerts for:
- Price crossing above or below either the 20W SMA or 21W EMA
- Price coming within 1% of either moving average (early warning system)
This proximity feature is useful for catching potential support/resistance tests before they actually happen, giving you advance notice to prepare for entries or exits.
## Key Features
- Weekly MAs that update daily for more responsive monitoring
- Configurable proximity threshold (default 1%, adjustable from 0.1% to 5%)
- Visual proximity zones shown as dotted lines around each MA
- Color-coded background highlighting (green when above both MAs, red when below both, orange when in proximity zone)
- On-chart labels for crosses and proximity warnings
- Status table showing current position relative to the band
## Setup for Watchlist Alerts
1. Add the indicator to any chart
2. Create alerts using these conditions:
- "BMSB Cross Alert" - fires on actual crosses
- "BMSB Proximity Alert" - fires when entering the 1% zone
3. Set interval to 1 day (recommended) or 4 hour for more frequent checks
4. Use "Once Per Bar Close" for the trigger option
5. Apply the same alert to your entire watchlist
## Settings
You can toggle on/off:
- Cross above alerts
- Cross below alerts
- Proximity alerts
- Proximity percentage adjustment
- Visual elements (labels, MA lines, proximity zones)
## Notes
The BMSB is commonly used in crypto markets to identify bull market pullback support levels. This implementation adds the proximity warning system to help you anticipate potential tests of these key levels rather than waiting for confirmed crosses.
Works on any timeframe but designed for daily monitoring of weekly moving averages.
Bull Market Support Band Alert (20W SMA & 21W EMA) - Multi-Alert═══════════════════════════════════════════════════════════════════
🎯 WHAT THIS INDICATOR DOES:
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This indicator monitors the Bull Market Support Band (BMSB) - a popular trend-following system that uses the 20-week Simple Moving Average (SMA) and 21-week Exponential Moving Average (EMA) to identify major market trends. It alerts you when price crosses either moving average on any stock in your watchlist.
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📈 THE BULL MARKET SUPPORT BAND STRATEGY:
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- ABOVE both MAs = Bullish trend (consider holding/buying)
- BELOW both MAs = Bearish trend (consider caution/selling)
- CROSSING ABOVE = Potential trend change to bullish
- CROSSING BELOW = Potential trend change to bearish
Originally popularized by cryptocurrency analysts, the BMSB has proven effective across all markets for identifying major trend changes.
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⚡ KEY FEATURES:
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✅ Single alert monitors your ENTIRE watchlist
✅ Works on ANY timeframe (daily, 4H, 1H) while maintaining weekly MA accuracy
✅ Visual signals when crosses occur (green/red arrows)
✅ Real-time status table showing current values
✅ Background coloring for quick trend identification
✅ Customizable alert settings for crosses above/below
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🔔 HOW TO SET UP ALERTS:
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1. Add this indicator to your chart
2. Click Alert (alarm icon)
3. Select "BMSB Watchlist Alert" → "BMSB Cross Alert"
4. Choose your alert frequency:
• "Once Per Bar" = Immediate alerts (for active traders)
• "Once Per Bar Close" = Confirmed signals (fewer false alarms)
5. CHECK "Apply to all symbols in watchlist" ← IMPORTANT!
6. Select your watchlist and create
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⚙️ RECOMMENDED SETTINGS:
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📍 FOR SWING TRADERS:
- Chart: Daily timeframe
- Alert Trigger: Once Per Bar Close
- Both crosses enabled
📍 FOR ACTIVE TRADERS:
- Chart: 4H or Daily timeframe
- Alert Trigger: Once Per Bar
- Both crosses enabled
📍 FOR LONG-TERM INVESTORS:
- Chart: Weekly timeframe
- Alert Trigger: Once Per Bar Close
- Focus on crosses above
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📊 VISUAL ELEMENTS:
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- BLUE LINE = 20-week Simple Moving Average
- RED LINE = 21-week Exponential Moving Average
- GREEN ARROWS = Price crossed above BMSB
- RED ARROWS = Price crossed below BMSB
- GREEN BACKGROUND = Price above both MAs (bullish)
- RED BACKGROUND = Price below both MAs (bearish)
- STATUS TABLE = Current price position and MA values
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💡 PRO TIPS:
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1. The indicator calculates WEEKLY MAs regardless of your chart timeframe
2. Best used with liquid stocks/cryptos with good volume
3. Consider waiting for daily/weekly close for confirmation
4. Crosses are more significant after extended periods above/below
5. Works great with additional confirmation (volume, RSI, etc.)
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⚠️ IMPORTANT NOTES:
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- FREE accounts limited to 1 active alert
- Alerts check based on YOUR selected timeframe, not the weekly MA calculation
- False signals possible during ranging/choppy markets
- Not financial advice - use as one tool among many
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👨💻 AUTHOR'S NOTE:
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Built for traders who want to monitor multiple stocks efficiently without creating dozens of individual alerts. Perfect for identifying major trend changes across your entire portfolio with a single alert.
Tags: #BMSB #BullMarketSupportBand #20WeekSMA #21WeekEMA #TrendFollowing #MovingAverage #WatchlistAlert #MultiTimeframe #SwingTrading #TrendTrading
TradeScope: MA Reversion • RVOL • Trendlines • GAPs • TableTradeScope is an all-in-one technical analysis suite that brings together price action, momentum, volume dynamics, and trend structure into one cohesive and fully customizable indicator.
An advanced, modular trading suite that combines moving averages, reversion signals, RSI/CCI momentum, relative volume, gap detection, trendline analysis, and dynamic tables — all within one powerful dashboard.
Perfect for swing traders, intraday traders, and analysts who want to read price strength, volume context, and market structure in real time.
⚙️ Core Components & Inputs
🧮 Moving Average Settings
Moving Average Type & Length:
Choose between SMA or EMA and set your preferred period for smoother or more reactive trend tracking.
Multi-MA Plotting:
Up to 8 customizable moving averages (each with independent type, color, and length).
Includes a “window filter” to show only the last X bars, reducing chart clutter.
MA Reversion Engine:
Detects when price has extended too far from its moving average.
Reversion Lookback: Number of bars analyzed to determine historical extremes.
Reversion Threshold: Sensitivity multiplier—lower = more frequent signals, higher = stricter triggers.
🔄 Trend Settings
Short-Term & Long-Term Trend Lookbacks:
Uses linear regression to detect the slope and direction of the short- and long-term trend.
Results are displayed in the live table with color-coded bias:
🟩 Bullish | 🟥 Bearish
📈 Momentum Indicators
RSI (Relative Strength Index):
Adjustable period; displays the current RSI value, overbought (>70) / oversold (<30) zones, and trending direction.
CCI (Commodity Channel Index):
Customizable length with color-coded bias:
🟩 Oversold (< -100), 🟥 Overbought (> 100).
Tooltip shows whether the CCI is trending up or down.
📊 Volume Analysis
Relative Volume (RVOL):
Estimates end-of-day projected volume using intraday progress and compares it against the 20-day average.
Displays whether today’s volume is expected to exceed yesterday’s, and highlights color by strength.
Volume Trend (Short & Long Lookbacks):
Visual cues for whether current volume is above or below short-term and long-term averages.
Estimated Full-Day Volume & Multiplier:
Converts raw volume into “X” multiples (e.g., 2.3X average) for quick interpretation.
🕳️ Gap Detection
Automatically identifies and plots bullish and bearish price gaps within a defined lookback period.
Gap Lookback: Defines how far back to search for gaps.
Gap Line Width / Visibility: Controls the thickness and display of gap lines on chart.
Displays the closest open gap in the live table, including its distance from current price (%).
🔍 ATR & Volatility
14-day ATR (% of price):
Automatically converts the Average True Range into a percent, providing quick volatility context:
🟩 Low (<3%) | 🟨 Moderate (3–5%) | 🟥 High (>5%)
💬 Candlestick Pattern Recognition
Auto-detects popular reversal and continuation patterns such as:
Bullish/Bearish Engulfing
Hammer / Hanging Man
Shooting Star / Inverted Hammer
Doji / Harami / Kicking / Marubozu / Morning Star
Each pattern is shown with contextual color coding in the table.
🧱 Pivot Points & Support/Resistance
Optional Pivot High / Pivot Low Labels
Adjustable left/right bar lengths for pivot detection
Theme-aware text and label color options
Automatically drawn diagonal trendlines for both support and resistance
Adjustable line style, color, and thickness
Detects and tracks touches for reliability
Includes breakout alerts (with optional volume confirmation)
🚨 Alerts
MA Cross Alerts:
Triggers when price crosses the fast or slow moving average within a tolerance band (default ±0.3%).
Diagonal Breakout Alerts:
Detects and alerts when price breaks diagonal trendlines.
Volume-Confirmed Alerts:
Filters breakouts where volume exceeds 1.5× the 20-bar average.
🧾 Live Market Table
A fully dynamic table displayed on-chart, customizable via input toggles:
Choose which rows to show (e.g., RSI, ATR, RVOL, Gaps, CCI, Trend, MA info, Diff, Low→Close%).
Choose table position (top-right, bottom-left, etc.) and text size.
Theme selection: Light or Dark
Conditional background colors for instant visual interpretation:
🟩 Bullish or Oversold
🟥 Bearish or Overbought
🟨 Neutral / Moderate
🎯 Practical Uses
✅ Identify confluence setups combining MA reversion, volume expansion, and RSI/CCI extremes.
✅ Track trend bias and gap proximity directly in your dashboard.
✅ Monitor relative volume behavior for intraday strength confirmation.
✅ Automate MA cross or breakout alerts to stay ahead of key price action.
🧠 Ideal For
Swing traders seeking confluence-based setups
Intraday traders monitoring multi-factor bias
Analysts looking for compact market health dashboards
💡 Summary
TradeScope is designed as a single-pane-of-glass market view — combining momentum, trend, volume, structure, and reversion into one clear visual system.
Fully customizable. Fully dynamic.
Use it to see what others miss — clarity, confluence, and confidence in every trade.
GRG/RGR Signal, MA, Ranges and PivotsThis indicator is a combination of several indicators.
It is a combination of two of my indicators which I solely use for trading
1. EMA 10-20-50-200, Pivots and Previous Day/Week/Month range
2. 3/4-Bar GRG / RGR Pattern (Conditional 4th Candle)
You can use them individually if you already have some of them or just use this one. Belive me when I say, this is all you need, along with market structure knowlege and even if you don’t have that, this indicator has been doing wonders for me. This is all I use. I do not use anything else.
**Note - Do checkout the indicators individually as I have added valuable information in the comment section.
It contains the following,
1. 10 EMA/SMA - configurable
2. 20 EMA/SMA - configurable
3. 50 EMA/SMA - configurable
4. 200 EMA/SMA - configurable
5. Previous Day's Range - configurable
6. Previous Week's Range - configurable
7. Previous Month's Range - configurable
8. Pivots - configurable
9. Buy Sell Signal - configurable
The Moving Averages
It is a very important combination and using it correctly with price action will strengthen your entries and exits.
The ema's or sma's added are the most powerful ones and they do definitely act as support and resistance.
The Daily/Weekly/Monthly Ranges
The Daily/Weekly/Monthly ranges are extremely important for any trader and should be used for targets and reversals.
Pivots
Pivots can provide support and resistance level. R5 and S5 can be used to check for over stretched conditions. You can customise them however you like. It is a full pivot indicator.
It is defaulted to show R5 and S5 only to reduce noise in the chart but it can be customised.
The 3/4 RGR or GRG Signal Generator
Combined with a 3/4 RGR or GRG setup can be all a trader needs.
You don't need complex strategies and SMC concepts to trade. Simple EMAs, ranges and RGR/GRG setup is the most winning combination.
This indicator can be used to identify the Green-Red-Green or Red-Green-Red pattern.
It is a price action indicator where a price action which identifies the defeat of buyers and sellers.
If the buyers comprehensively defeat the sellers then the price moves up and if the sellers defeat the buyers then the price moves down.
In my trading experience this is what defines the price movement.
It is a 3 or 4 candle pattern, beyond that i.e, 5 or more candles could mean a very sideways market and unnecessary signal generation.
How does it work?
Upside/Green signal
1. Say candle 1 is Green, which means buyers stepped in, then candle 2 is Red or a Doji, that means sellers brought the price down. Then if candle 3 is forming to be Green and breaks the closing of the 1st candle and opening of the 2nd candle, then a green arrow will appear and that is the place where you want to take your trade.
2. Here the buyers defeated the sellers.
3. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
4. Important - We need to enter the trade as soon as the price moves above the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close. Ignore wicks.
5. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default.
6. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
7. I call it the +-+ or GRG pattern or Green-Red-Green or Buyer-Seller-Buyer or Seller defeated or just Buyer pattern.
8. Stop loss can be candle 2's mid for safe traders (that includes me) or candle 2's body low for risky traders.
9. Back testing suggests that body low will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Downside/Red signal
1. Say candle 1 is Red, which means sellers stepped in, then candle 2 is Green or a Doji, that means buyers took the price up. Then if candle 3 is forming to be Red and breaks the closing of the 1st candle and opening of the 2nd candle then a Red arrow will appear and that is the place where you want to take your trade.
2. Sometimes candle 3 falls short but candle 4 breaks candle 1's closing and candle 2's opening price. We can enter on candle 4.
3. We need to enter the trade as soon as the price moves below the candle 1 and 2's body and should not wait for the 3rd or 4th candle to close.
4. But for a more optimised entry I have added an option to use candle’s highs and lows instead of open and close. This reduces lot of noise and provides us with more precise entry. This setting is turned on by default.
5. I have restricted it to 4 candles and that is all that is needed. More than that is a longer sideways market.
6. I call it the -+- or RGR pattern or Red-Green-Red or Seller-Buyer-Seller or Buyer defeated or just Seller pattern.
7. Stop loss can be candle 2's mid for safe traders ( that includes me) or candle 2's body high for risky traders.
8. Back testing suggests that body high will be useless and result in more points in loss because for the bigger move this point will not be touched, so why not get out faster.
Combining Indicators and Signal
Combining these indicators with GRG/RGR signal can be very powerful and can provide big moves.
1. MA crossover and Signal - This is very powerful and provides a very big move. Trades can be held for longer. If after taking the trade we notice that the MA crossover has happened then trades can be held for higher targets.
2. Pivots and Signal - Pivots and add a support or resistance point. Take profits on these points. R5/S5 are over streched conditions so we can start looking for reversal signals and ignore other signals
3. Intraday Range - first 1, 5, 15 min of the day - Sideways days is when price will stay in these ranges. You can take profits at these ranges or if the range is broken and we get a signal, then it can mean that the direction will be sustained.
4. Previous Day/Week/Month Ranges - These can be used as Take Profit points if the price is moving towards them after getting the signal. If the range is broken and we get a signal then it can be a strong signal. They can also be used as reversal points if a strong signal is generated.
Important Settings
1. Include 4th Candle Confirmation - You can enable or disable the 4th candle signal to avoid the noise, but at times I have noticed that the 4th candle gives a very strong signal or I can say that the strong signal falls on the 4th candle. This is mostly a coincidence.
2. Bars to check (default 10) - You can also configure how many previous bars should the signal be generated for. 10 to 30 is good enough. To backtest increase it to 2000 or 5000 for example.
3. Use Candle High/Low for confirmation instead of Candle Open/Close - More optimized entry and noise reduction. This option is now defaulted to false.
4. Show Green-Red-Green (bull) signals - Show only bull entries. Useful when I have a predefined view i.e, I know market is going to go up today.
5. Show Red-Green-Red (bear) signals - Show only bear entries. Useful when I have a predefined view i.e, I know market is going to go down today.
6. 3rd candle should be a Strong candle before considering 4th candle - This will enforce additional logic in 4 candle setup that the 3rd candle is the candle in our direction of breakout. This means something like GRGG is mandatory, which is still the default behaviour. If disabled, the 3rd candle can be any candle and 4th candle will act as our breakout candle. This behaviour has led to breakouts and breakdowns as times, hence I added this as a separate feature. Vice-versa for a RGGR.
For a 4 candle setup till now we were expecting GRGG or RGRR but we can let the system ignore the 3rd candle completely if needed.
This will result in additional signals.
7. Three intraday ranges added for index and stock traders - 1 min, 5 min and 15 min ranges will be displayed. These are disabled by default except 15 min. These are very important ranges and in sideways days the price will usually move within the 15 min. A breakout of this range and a positive signal can be a very powerful setup.
Safe traders can avoid taking a trade in this range as it can lead to fakeouts.
The line style, width, color and opacity are configurable.
Pointers/Golden Rules
1. If after taking the trade, the next candle moves in your direction and closes strong bullish or bearish, then move SL to break even and after that you can trail it.
2. If a upside trade hits SL and immediately a down side trade signal is generated on the next candle then take it. Vice versa is true.
3. Trades need to be taken on previous 2 candle's body high or low combined and not the wicks.
4. The most losses a trader takes is on a sideways day and because in our strategy the stop loss is so small that even on a sideways day we'll get out with a little profit or worst break even.
5. Hold trades for longer targets and don't panic.
6. If last 3-4 days have been sideways then there is a good probability that today will be trending so we can hold our trade for longer targets. Inverse is true when the market has been trending for 2-3 days then volatility followed by sideways is coming (DOW theory). Target to hold the trade for whole day and not exit till the day closes.
7. In general avoid trading in the middle of the day for index and stocks. Divide the day into 3 parts and avoid the middle.
8. Use Support/Resistance, 10, 20, 50, 200 EMA/SMA, Gaps, Whole/Round numbers(very imp) for identifying targets.
9. Trail your SL.
10. For indexes I would use 5 min and 15 min timeframe and at times 10 mins.
11. For commodities and crypto we can use higher timeframe as well. Look for signals during volatile time durations and avoid trading the whole day. Signal usually gives good targets on those times.
12. If a GRG or RGR pattern appears on a daily timeframe then this is our time to go big.
13. Minimum Risk to Reward should be 1:2 and for longer targets can be 1:4 to 1:10.
14. Trade with small lot size. Money management will happen automatically.
15. With small lot size and correct Risk-Reward we can be very profitable. Don't trade with big lot size.
16. Stay in the market for longer and collect points not money.
17. Very imp - Watch market and learn to generate a market view.
18. Very imp - Only 3 type of candles are needed in trading -
Strong Bullish (Big Green candle), Strong Bearish (Big Red candle),
Hammer (it is Strong Bullish), Inverse Hammer (it is Strong Bearish)
and Doji (indecision or confusion).
If on daily timeframe I see Strong Bullish candle previous day then I am biased to the upside the next day, if I see Strong Bearish candle the previous day then I am biased to the downside the next day, if I see Doji on the previous day then I am cautious the next day, if there are back to back Dojis forming in daily or weekly then I am preparing for big move so time to go big once I get the signal.
19. Most Important Candlestick pattern - Bullish and Bearish Engulfing
20. The only Chart patterns I need -
a) Falling Wedge/Channel Bullish Pattern Uptrend or Bull Flag - Buying - Forming over a couple days for intraday and forming over a couple of weeks for swing
b) Falling Wedge/Channel Bullish Pattern Downtrend or Falling Channel - Buying
c) Rising Wedge Bearish Pattern Uptrend or Rising Channel - Selling
d) Rising Wedge Bearish Pattern Downtrend or Bear flag - Selling
e) Head and Shoulder - Over a longer period not for intraday. In 15 min takes few days and for swing 1hr or 4h or daily can take few days
f) M and W pattern - Reversal Patterns - They form within the above 4 patterns, usually resulting in the break of trend line
21. How Gaps work -
a) Small Gap up in Uptrend - Market can fill the gap and reverse. The perception is that people are buying. If previous day candle was Strong Bullish then market view is up.
b) Big Gap up in Uptrend - Not news driven - Profit booking will come but may not fill the entire gap
c) Big Gap up in Uptrend - News driven, war related, tax, interest rate - Market can keep going up without stopping.
c) Flat opening in Uptrend - Big chance of market going up. If previous day candle was Strong Bullish then view is upwards, if it was Doji then still upwards.
d) Gap down in Uptrend - Market is surprised. After going down initially it can go up
e) Small Gap down in Downtrend - Market can fill the gap and keep moving down. If previous day candle was Strong Bearish then view is still down.
f) Flat opening in Downtrend - View is down, short today.
g) Big Gap down in Downtrend - Profit booking and foolish buying will come but market view is still down.
h) Gap down with News - Volatility, sideways then down.
i) Gap Up in Downtrend - Can move up - Price can move up during 2/3rd of the day and End of the day revert and close in red.
22. Go big on bearish days for option traders. Puts are better bought and Calls are better sold.
23. Cluster of green signals can lead to bigger move on the upside and vice versa for red signals.
24. Most of this is what I learned from successful traders (from the top 2%) only the indicator is mine.
MULTI-CONDITION RSI SIGNAL GENERATOR═══════════════════════════════════════════════
MULTI-CONDITION RSI SIGNAL GENERATOR
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OVERVIEW:
This indicator generates trading signals based on Relative Strength Index (RSI) movements with multiple confirmation layers designed to filter false signals and identify high-probability reversal opportunities.
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WHAT MAKES THIS ORIGINAL:
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Unlike basic RSI indicators that simply plot overbought/oversold crossovers, this system combines FOUR distinct confirmation mechanisms:
1. PERSISTENCE FILTERING - Requires RSI to remain in extreme zones for a minimum duration
2. LOOKBACK VALIDATION - Verifies recent extreme zone visits before signaling
3. DIVERGENCE DETECTION - Identifies price/RSI divergence for stronger signals
4. MOMENTUM CONFIRMATION - Provides trend-continuation entries via midline crosses
This multi-layered approach significantly reduces whipsaw trades that plague simple RSI crossover systems.
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HOW IT WORKS (TECHNICAL METHODOLOGY):
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STEP 1: RSI CALCULATION
- Standard RSI calculation using user-defined period (default: 14)
- Monitors two extreme zones: Overbought (default: 70) and Oversold (default: 30)
STEP 2: PERSISTENCE FILTERING
The script counts how many bars RSI has spent in extreme zones within the lookback period:
- For overbought signals: Counts bars where RSI > 70
- For oversold signals: Counts bars where RSI < 30
- Signal only triggers if count >= Minimum Duration (default: 4 bars)
This filters out brief spikes that immediately reverse, focusing on sustained extreme conditions that are more likely to lead to genuine reversals.
STEP 3: LOOKBACK VALIDATION
- Checks if RSI reached extreme zones within the Lookback Bars period (default: 20)
- Uses ta.highest() and ta.lowest() functions to verify recent extremes
- Ensures we're trading reversals from meaningful extremes, not random crossovers
STEP 4: BASIC SIGNAL GENERATION
- BUY SIGNAL: RSI crosses above the oversold level (30) after meeting persistence and lookback conditions
- SELL SIGNAL: RSI crosses below the overbought level (70) after meeting persistence and lookback conditions
STEP 5: DIVERGENCE DETECTION
The script identifies two types of divergence over the Divergence Lookback period (default: 5 bars):
A) BULLISH DIVERGENCE (indicates potential upward reversal):
- Price makes a lower low (current low < previous low)
- RSI makes a higher low (current RSI low > previous RSI low)
- Suggests weakening downward momentum
B) BEARISH DIVERGENCE (indicates potential downward reversal):
- Price makes a higher high (current high > previous high)
- RSI makes a lower high (current RSI high < previous RSI high)
- Suggests weakening upward momentum
STEP 6: STRONG SIGNAL CONFIRMATION
- STRONG BUY: Basic buy signal + bullish divergence present
- STRONG SELL: Basic sell signal + bearish divergence present
- These represent the highest-probability setups
STEP 7: MOMENTUM SIGNALS (OPTIONAL)
- MOMENTUM BUY: RSI crosses above 50 after being oversold (trend continuation)
- MOMENTUM SELL: RSI crosses below 50 after being overbought (trend continuation)
- Smaller signals for traders who want trend-following entries
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SIGNAL TYPES AND VISUAL INDICATORS:
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📈 GREEN TRIANGLE (below bar) - Standard Buy Signal
RSI crossed above oversold level with confirmation filters
📉 RED TRIANGLE (above bar) - Standard Sell Signal
RSI crossed below overbought level with confirmation filters
🔵 BLUE TRIANGLE (below bar) - Strong Buy Signal
Buy signal + bullish divergence (HIGHEST PRIORITY)
🟣 PURPLE TRIANGLE (above bar) - Strong Sell Signal
Sell signal + bearish divergence (HIGHEST PRIORITY)
🟢 GREEN CIRCLE (small) - Momentum Buy
RSI crosses above 50 after oversold conditions
🔴 RED CIRCLE (small) - Momentum Sell
RSI crosses below 50 after overbought conditions
BACKGROUND SHADING:
- Light red background: RSI currently overbought
- Light green background: RSI currently oversold
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PARAMETER SETTINGS:
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1. OVERBOUGHT LEVEL (default: 70, range: 50-90)
- Higher values = fewer but stronger overbought signals
- Lower values = more sensitive to overbought conditions
- Recommended: 70 for standard markets, 80 for crypto/volatile assets
2. OVERSOLD LEVEL (default: 30, range: 10-50)
- Lower values = fewer but stronger oversold signals
- Higher values = more sensitive to oversold conditions
- Recommended: 30 for standard markets, 20 for crypto/volatile assets
3. RSI PERIOD (default: 14, range: 2-50)
- Standard RSI calculation period
- Lower = more sensitive/faster signals
- Higher = smoother/slower signals
- Recommended: 14 (industry standard)
4. MINIMUM DURATION (default: 4, range: 1-20)
- Required bars in extreme zone before signal
- Higher values = fewer signals but better quality
- Lower values = more signals but more false positives
- Recommended: 3-5 for day trading, 5-10 for swing trading
5. LOOKBACK BARS (default: 20, range: 5-100)
- How far back to check for extreme zone visits
- Should match your typical trading timeframe
- Recommended: 20 for intraday, 50 for daily charts
6. DIVERGENCE LOOKBACK (default: 5, range: 2-20)
- Period for comparing price/RSI highs and lows
- Lower values = more frequent divergence signals
- Higher values = more significant divergences
- Recommended: 5-10 depending on timeframe
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HOW TO USE THIS INDICATOR:
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RECOMMENDED TRADING APPROACH:
1. PRIMARY ENTRIES: Focus on Strong Buy/Sell signals (blue/purple triangles)
- These have the highest win rate due to divergence confirmation
- Wait for price action confirmation (support/resistance, candlestick patterns)
2. SECONDARY ENTRIES: Regular Buy/Sell signals (green/red triangles)
- Use these when Strong signals are infrequent
- Require additional confirmation from other indicators or chart patterns
3. TREND CONTINUATION: Momentum signals (small circles)
- Best used when overall trend is clear
- Not recommended for reversal trading
4. FILTER TRADES: Use background shading as context
- Be cautious entering longs when background is red (overbought)
- Be cautious entering shorts when background is green (oversold)
RISK MANAGEMENT GUIDELINES:
- Never risk more than 2-5% of capital per trade
- Use stop losses below recent swing lows (buys) or above swing highs (sells)
- Target at least 1.5:1 reward-to-risk ratio
- Consider position sizing based on signal strength
TIMEFRAME RECOMMENDATIONS:
- 15min - 1hour: Day trading with adjusted parameters (lower minimum duration)
- 4hour - Daily: Swing trading with default parameters
- Weekly: Position trading with increased lookback periods
COMPLEMENTARY TOOLS:
This indicator works best when combined with:
- Support and resistance levels
- Trend indicators (moving averages, trend lines)
- Volume analysis
- Price action patterns (engulfing candles, pin bars)
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LIMITATIONS AND CONSIDERATIONS:
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- This is NOT a standalone trading system - requires additional analysis
- RSI-based strategies perform best in ranging/choppy markets
- May generate fewer signals in strong trending markets
- Divergence signals can be early - wait for price confirmation
- Not recommended for highly illiquid assets
- Backtest on your specific market before live trading
- No indicator is 100% accurate - always use proper risk management
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TECHNICAL NOTES:
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- Code is original and does not reuse external libraries
- Uses Pine Script v5 native functions only
- Alert conditions included for all signal types
- No repainting - signals appear and remain fixed
- Efficient calculation methods minimize processing load
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ALERT SETUP:
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Four alert conditions are available:
1. "Buy Alert" - Triggers on standard buy signals
2. "Sell Alert" - Triggers on standard sell signals
3. "Strong Buy Alert" - Triggers on divergence-confirmed buy signals
4. "Strong Sell Alert" - Triggers on divergence-confirmed sell signals
To set up alerts: Right-click chart → Add Alert → Select desired condition
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This indicator is provided for educational and informational purposes. Always practice proper risk management and never trade with money you cannot afford to lose.
Daily trend flip system📈 System 1 — Daily Trend Flip Screener
System 1 (Daily) is a trend-following screener indicator designed to help traders quickly identify assets showing strong bullish momentum, meaningful volatility, and solid liquidity.
By combining an EMA crossover with ATR filtering, this tool filters out weak or noisy signals and focuses on clean daily breakouts.
🧭 How it works
EMA Trend Flip — Signals when the fast EMA crosses above the slow EMA with an ATR-based buffer, reducing false triggers in chop.
ATR% Filter — Shows the 20-day average true range as a percentage of price to highlight assets with real movement.
$ Volume Filter — Displays average daily dollar volume over the past 20 days to ensure liquidity.
Days Since Long Trigger — Tracks how many trading days have passed since the last bullish flip, making it easy to find fresh momentum.
📊 Screener Columns
✅ LongSignal_1or0 — 1 if currently in a long signal
📈 ATR20_pct — 20-day ATR as a % of price
💰 ADDV20 — 20-day average daily dollar volume
⏳ DaysSinceLong — days since the last long trigger
💡 Use Cases
Quickly scan for daily breakout setups
Combine volatility and liquidity filters to narrow down quality tickers
Catch new momentum trades early in their trend
Build cleaner watchlists without manually scanning dozens of charts
EMA 9/20 Crossover AlertThis EMA 9/20 Crossover Alert indicator is a technical tool used on price charts to detect and notify traders when the short-term 9-period Exponential Moving Average (EMA) crosses above or below the longer-term 20-period EMA. This crossover often signals potential shifts in market momentum, signaling possible buy or sell opportunities. The indicator visually plots both EMAs on the chart and creates alert conditions so traders can be promptly informed of these crossover events, aiding in timely decision-making without needing to constantly watch the chart. It is widely used in momentum and trend-following trading strategies to identify trend reversals or continuations
Market GoatFuel v1Market GoatFuel is an all-in-one trading tool designed to provide a clear, confluence-based view of the market. Its primary goal is to filter out the noise typical of lower timeframes and present only high-probability momentum signals. By layering multiple validation criteria, it ensures that a trade signal is only generated when the trend, momentum, and volume are in alignment.
Key Features
Multi-Layered Trend Analysis: Utilizes a customizable MA Cloud and a Higher-Timeframe (HTF) EMA to establish the dominant trend direction. Trades are only considered in alignment with this trend.
Dual RSI Momentum Engine: A fast RSI (default 9) detects the initial burst of momentum, while a slower RSI (default 21) confirms its sustainability. This dual-check prevents entries on weak or temporary moves.
Advanced Signal Filtering: A signal is only confirmed if the momentum conditions are met for two consecutive bars, effectively filtering out false signals from single-bar spikes.
Higher Timeframe Confluence: In addition to the HTF EMA, the script also checks that the RSI on the higher timeframe is aligned with the trade direction, ensuring you are trading with the dominant momentum.
Volume Validation: Every signal is cross-referenced with volume. A signal is only considered valid if volume is above its moving average, confirming there is conviction behind the price action.
Clean & Customizable Visuals: Features clean up/down arrows for trade signals, with optional background coloring and volume-based bar coloring to provide a full market snapshot at a glance.
